If you want to follow what’s cool then “low cap rate means your getting less headaches and you wont get shot” and “ high caprate means you are in the war zone”, But in truth if you want those great deals, things are more complicated then that.  

I feel that the next crash wont go as low as the spm crash.

Sure, you can vote to raise taxes or not, but in the end if they aren't raised the town suffers the same fate as the park with below market lot rent.

As someone who works in underwriting myself, I can assure you that when we have a partner who wont' give up tax returns or financials, we send them on their way.

You wont do everything perfectly.

Fees and lawsuits wont prevent it, since renters rarely have assets worth going after.

Yes thank you i am aware i wont get all the info i am looking for but at least pointed in the direction will be alot of help.

I have a friend who owns a brokerage firm and he is saying that a conventional / fannie mae loan wont work due to lateral moves.

You will have to get these through Bankers or Brokers as the banks and credit unions will not have access to these kinds of loans.4) Local credit union - get a line of credit, hopefully the existing condition of the house wont be a problem?

But $2800 a month wont cut it , not even close .